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Covid-19 to shave $25 bn off from top 100 domestic brands’ value: Report

by AIP Online Bureau | Jun 1, 2020 | Eco/Invest/Demography, Indian News, Life

New Delhi: The coronavirus pandemic is likely to shave at least $25 billion off from the January 2020 cumulative brand value of top 100 domestic brands, a report said.   According to the latest report by Brand Finance, globally, the top 500 brands could see a...

Aircraft makers go digital to fight coronavirus delivery logjam

by AIP Online Bureau | Jun 1, 2020 | International News, Technology

  MILAN: Helicopter and jet makers are turning to digital technology so customers can inspect their big-ticket purchases remotely before taking delivery, as they strive to push through deals paralysed by the coronavirus pandemic and bring in much needed cash.With...

India asks internet service providers to block WeTransfer

by AIP Online Bureau | Jun 1, 2020 | Eco/Invest/Demography, Facts, Risk Management, Technology

NEW DELHI: India has ordered its internet service providers (ISPs) to block file-sharing website WeTransfer at a time when hundreds of millions of people are working from home because of a nationwide lockdown to stop the novel coronavirus.   The order, dated May...

AM Best maintains its negative outlook on India’s non-life insurance market

by AIP Online Bureau | Jun 1, 2020 | Eco/Invest/Demography, Health, Indian News, Non-Life

  London: International rating agency AM Best has maintained its negative  outlook on India’s non-life insurance market. Key factors underpinning the outlook, according to the rating agency, include: -Competitive market conditions and...

Mumbai gets first severe cyclone alert in 129 yrs

by AIP Online Bureau | Jun 1, 2020 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

  Mumbai: The India Meteorological Department on Monday said that the depression in the Arabian Sea is likely to intensify into a severe cyclone and cross the north Maharashtra and south Gujarat coasts on June 3, and will have an impact on Mumbai.   The IMD...

Southwest monsoon hits Kerala, IMD confirms

by AIP Online Bureau | Jun 1, 2020 | Eco/Invest/Demography, Indian News

  New Delhi: The southwest monsoon has made an onset over Kerala, marking the commencement of the four-month long rainfall season, the India Meteorological Department said on Monday.   "The southwest monsoon has made an onset over Kerala," IMD...

 India’s May jobless rate at 23.48% – private think-tank CMIE

by AIP Online Bureau | Jun 1, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

NEW DELHI:  India’s unemployment rate in May rose to 23.48%, marginally lower from 23.52% in April, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday, reflecting the impact of coronavirus pandemic.  ...

Indian states rush to identify high-risk zones to remain in lockdown

by AIP Online Bureau | May 31, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

NEW DELHI: Indian states on Sunday began identifying high-risk zones where coronavirus lockdowns should continue while the rest of country gears up to reopen in June despite a record rise in COVID-19 cases, officials said.   Prime Minister Narendra Modi’s...

Crashed Pakistan A320 jet insured for $19.7 million: airline document

by AIP Online Bureau | May 31, 2020 | International News, Non-Life, Reinsurance

  SYDNEY/LONDON/Karachi: The Pakistan International Airlines (PIA) Airbus SE A320 jet that crashed into a crowded residential district of Karachi last week killing 97 people on board was insured for $19.7 million, an airline document showed.   Insurance...

Insurers stare at a Rs 2000 crore hit from “Amphan” devastated WB and Orissa

by AIP Online Bureau | May 31, 2020 | Eco/Invest/Demography, Health, Indian News, Intermediaries, Life, Non-Life, Risk Management

  Kolkata: The domestic general insurers are now expecting a Rs 2000 crore hit from two states- West Bengal (WB) and Orissa where cyclone “Amphan'' has severly devastated some of parts of these two states. Till Saturday, the general insurance...
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